Tag: financial market

financial market

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A screen shows the Kospi at over 6,000 points during a ceremony at the Korea Exchange in central Seoul on Feb. 25. [AP/YONHAP]

Kospi topping 6,000 masks K-shaped divide in economy, economists warn

K-pop, K-drama and now K-shaped economic growth — Korea has joined other countries experiencing a troubling trend signaled by uneven growth in the economy.

2026.2.27

Korea Exchange Chairman Sohn Byeong-doo and other participants announce the closure of stock and derivative markets for 2023 at a closing ceremony held at Busan International Finance Center on Thursday. The Kospi rose 1.6 percent to close at 2,655.28, a near five-month high since August, on the last day of trading for 2023. [YONHAP]

Last trading day

The Kospi rose 1.6 percent to close at 2,655.28, a near five-month high since August, on the last day of trading for 2023.

2023.12.28

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Finance Minister Choo Kyung-ho speaks at a meeting with heads of financial authorities on Thursday. [YONHAP]

Gov't to 'closely monitor' markets as Fed signals rate cuts in 2024

Finance Minister Choo Kyung-ho said Thursday that the government will closely monitor finance and foreign exchange markets and implement measures accordingly.

2023.12.14

Tightening the safety belt

Fiscal integrity must not be compromised during the budgetary review process.

2023.10.4

Finance Minister Choo Kyung-ho speaks at a meeting held with chiefs of the Bank of Korea, the Financial Services Commission and the Financial Supervisory Service in central Seoul on Thursday. [YONHAP]

Domestic market on mend according to financial authorities

The domestic financial market is starting to recover from the U.S. Fed’s slowing rate increase and the government’s market stabilization measures, said financial authorities Thursday.

2022.12.15

The China risk hits Korea (KOR)

The alarms going off across the board in the economy must not be taken lightly. The government and politicians must join forces to fight the economic crisis.

2022.10.27

The China risk hits Korea

The alarms going off across the board in the economy must not be taken lightly. The government and politicians must join forces to fight the economic crisis.

2022.10.26

An employee stands in front of the screen with the final Kospi at the dealing room in Hana Bank, in Jung-district, central Seoul, Thursday. [YONHAP]

Stocks drop as second-wave fears weigh on sentiment

Stocks closed lower Thursday, ending a two-session rally, on investor concerns over a second wave of new coronavirus infections in the world's two largest economies. The won rose against the dollar.

2020.6.18

SK Biopharmaceuticals' CEO and president Cho Jeong-woo speaks at an online press conference on Monday. [SK BIOPHARMACEUTICALS]

SK Biopharmaceuticals hoping for a 1-trillion-won silver bullet

SK Biopharmaceuticals is hoping for a near 1-trillion-won ($823 million) initial public offering (IPO) bonanza that will be the company's silver bullet, allowing it to secure a beachhead in the cutthroat global pharmaceutical industry.

2020.6.15

A person draws cash from an ATM machine. [NEWS1]

Interest on deposits falls and money goes elsewhere

Local banks slashed interest rates on deposits to near zero in line with the central bank's cutting off the base rate to an all-time low of 0.5 percent. Five commercial banks except for Hana cut their deposit rates last Friday.